Marston’s (LON:MARS) Stock Price Up 17.8% – What’s Next?

Marston’s PLC (LON:MARS)’s share price was up 17.8% on Tuesday . The stock traded as high as GBX 60.90 and last traded at GBX 58.90. Approximately 28,995,504 shares traded hands during mid-day trading, an increase of 1,777% from the average daily volume of 1,544,993 shares. The stock had previously closed at GBX 50.

Analyst Ratings Changes

MARS has been the subject of a number of recent analyst reports. Panmure Gordon restated a “buy” rating and set a GBX 80 price target on shares of Marston’s in a report on Tuesday. Peel Hunt reiterated a “buy” rating and issued a GBX 75 price objective on shares of Marston’s in a research report on Tuesday. Finally, Shore Capital restated a “buy” rating on shares of Marston’s in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 77.50.

Marston’s Stock Up 3.8%

The business’s fifty day moving average is GBX 44.05 and its two-hundred day moving average is GBX 41.97. The stock has a market cap of £378.89 million, a price-to-earnings ratio of 11.94, a PEG ratio of -0.16 and a beta of 1.68. The company has a quick ratio of 0.23, a current ratio of 0.36 and a debt-to-equity ratio of 198.96.

Marston’s Company Profile

Marston’s PLC operates managed, franchised, tenanted, partnership, and leased pubs in the United Kingdom. It is also involved in the property management; telecommunications; and insurance businesses. The company was formerly known as The Wolverhampton & Dudley Breweries PLC and changed its name to Marston’s PLC in January 2007.